{"id":6325247,"date":"2020-11-26T12:03:44","date_gmt":"2020-11-26T12:03:44","guid":{"rendered":"http:\/\/beta.project-progress.net\/projects\/bespoke\/?page_id=6325247"},"modified":"2021-07-01T12:39:39","modified_gmt":"2021-07-01T12:39:39","slug":"refinancing","status":"publish","type":"page","link":"https:\/\/beta.project-progress.net\/projects\/bespoke\/refinancing","title":{"rendered":"Refinancing"},"content":{"rendered":"[vc_row el_class=”decoration-top”][vc_column css=”.vc_custom_1601043676477{margin-bottom: 00px !important;padding-top: 0px !important;}”][vc_empty_space height=”120px” el_class=”norebro-phone-space”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”service-section-blk”][vc_column width=”2\/3″ el_class=”service-content”][vc_row_inner][vc_column_inner width=”1\/2″]
\n\t\n\t\n\t\n\t

\n\t\tRefinancing\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]Refinancing is a great way of releasing cash from assets quickly to invest and take advantage of business deals whilst meeting your current workload<\/p>\n

If you are raising finance against a single or small number of assets, the amount released, the interest rates, and repayment terms will depend on a variety of factors including the age, perceived remaining useful life, and value of the assets. Financial information about your business may also be required.<\/p>\n

For larger amounts, such as a line of credit, you will need to produce historical financial information as well as financial forecasts which will show how the business will be able to service monthly payments.<\/p>\n

Your initial funding line will be set up to accommodate the highest predicted level and it will be secured against an asset or assets. Your business can dip into this funding, whenever it is needed, to acquire new assets and make monthly repayments. Your line of funding may also be increased at a later date, subject to credit approvals and approval by your lender.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″]

\n\t\n\t\n\t\n\t

\n\t\tWhy Refinance?\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]A flexible means of borrowing \u2013 Refinancing offers the option of raising cash against one or two assets or with larger amounts, a line of credit that can be used as a revolving facility. The maximum amount of cash your lender is willing to allow you at any one time will be agreed and secured against the value of your asset(s). You can borrow and repay cash from your credit fund up to its limit within the terms agreed by your lender.<\/span><\/p>\n

Instant capital to fund growth and change \u2013 Refinancing assets of your business is a fast way to release cash to fund growth and purchases; it can even be used as part of a financing package to fund mergers and acquisitions. Once approved, your line of credit will be set up straight away and you will be able to access the cash which has been released.<\/p>\n

A flexible solution \u2013 A variety of funding products are available, either on or off your balance sheet, at fixed or variable rates. Interest rates, amounts available and repayment terms would be dependent on a number of factors including the value of the assets and their perceived remaining useful life as well as your business financial statements and projections.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

\n\n\t
\n\t\n\t
\n\t\t\t\t

Cost effective<\/h4>\n\t\t
\n\t\t\t<\/span>\n\t\t<\/div>\n\t<\/div>\n\n\t
\n\t\t
\n\t\t\t

Refinancing is a cost-effective means of generating cash and it provides you with the ability to spread repayments to maximise affordability.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

\n\t\n\t
\n\t\t\t\t

The ability to obtain the latest equipment<\/h4>\n\t\t
\n\t\t\t<\/span>\n\t\t<\/div>\n\t<\/div>\n\n\t
\n\t\t
\n\t\t\t

Refinancing allows you to access goods which you may not otherwise be able to afford. Having the latest equipment can promote sales or allow you to keep pace with technology.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

\n\t\n\t
\n\t\t\t\t

The freedom to continue trading as usual<\/h4>\n\t\t
\n\t\t\t<\/span>\n\t\t<\/div>\n\t<\/div>\n\n\t
\n\t\t
\n\t\t\t

Refinancing will not affect the use of your business\u2019 assets, the ones you have refinanced and the ones you haven\u2019t, and you can continue to use them in the same way as you did before.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>\t\n<\/div>[\/vc_column][vc_column width=”1\/3″ el_class=”fixed-right-img”][vc_empty_space height=”54px” el_class=”norebro-phone-space”][vc_single_image image=”6325198″ img_size=”full”][\/vc_column][vc_column][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

\n\t\n\t\t\t

\n\t\t\tGet in touch\t\t<\/p>\n\t\n\t\n\t

\n\t\tSee How Refinancing Can Help\t<\/h3>\n\n\t\n\t\t\n<\/div>[vc_empty_space height=”15px” el_class=”norebro-phone-space”]
\n\n\t
\n

<\/p>

    <\/ul><\/div>\n
    \n
    \n\n\n\n\n\n\n\n<\/div>\n
    \n